Industry

Projected losses in the tourism sector estimated at $1.09 bn for 2020

A study by the Franz Tamayo University released in April had projected an average loss of Bs 6.2 billion ($890 mn), equivalent to 38% by 2020. As quarantine extended, the situation became more serious; the projected losses deepened to Bs 7.6 billion ($1.09 bn), 52% of what predicted for this year before the pandemic. It expects that the reactivation of tourism in Bolivia will not come until mid-2021.

Source: Los Tiempos

Categories:Industry